The state owned telecom company, Ethio Telecom, launched a 5G mobile network in a ceremony held on Monday May 9, 2022 at the Sheraton Addis. The official launching ceremony has been attended by senior government officials, company executives and members of the media. The fifth generation network (5G) characterized by the fastest speed (up to10…
The Development Bank of Ethiopia (DBE) announced on Monday that it has a plan to finance feasible art works. The ideas include art and creative works, according to Yohannis Ayalew (PhD), President of DBE. Previously, there was no mechanism to finance such works due to the points such as what sort of collaterals artistic works…
Development Bank of Ethiopia (DBE), the only policy bank in the country, announced Monday that the third round of Small and Medium Enterprises (SMEs) training has officially been launched on Monday. At this round of the DBE and World Bank (WB) co-funded training, more than 34 thousand trainees will take part. The national level training…
African airlines will require 1,100 new passenger and freight aircraft deliveries by 2040, according to the 2021 Airbus Global Market Forecast (GMF). This will bring the total fleet to 1,440 from a 2019 fleet baseline of 680 aircraft. During this period, the fleet in the region will transition to new generation types such as the…
The government announced that it has invested 12.8 billion Birr in April 2022 to subsidize fuel. The government spent 24 billion Birr on subsidy of fuel in the past two years. Meanwhile, Ministry of Trade and Regional Integration (MoTRI) revealed a decision to hike fuel prices by 16 percent starting from Sunday. MoTRI said in…
Dashen Bank and National ID Program of Ethiopia signed an agreement on Friday to enable customers of the bank to get a digital ID. The agreement program on Friday was held at the headquarters of Dashen Bank. Asfaw Alemu, CEO of Dashen Bank said, “The absence of digital ID has retarded the growth of the…
Ethio Telecom has signed a business partnership agreement on Friday with seven national distributors which will exclusively distribute telecom products and services for the customers. Based on the signed agreement, these national distributors would exclusively engage in business areas such as telebirr services, mobile airtime top up, new SIM card sales, SIM card replacement services,…
ID Ethiopia has signed a Memorandum of Understanding (MoU) with Safaricom Telecommunications Ethiopia PLC to partner in the digitalization of the National ID program. The MoU discusses the setup of joint pilots for registration and eKYC integration. eKYC process includes ID card verification, face verification, document verification such as utility bills as proof of address,…
Ethiopia and Djibouti signed a Memorandum of Understanding (MoU) on Thursday to jointly build new oil storage terminal in Djibouti near the Damerjog Industrial Park. The agreement intends to foster a conducive environment for future joint development of oil storage terminals. The MoU was signed between Mamo Mihretu, CEO of Ethiopian Investment Holdings and Aboubaker…
Melaku Alebel, Minister of Industry said Wednesday that 322 manufacturing industries have curtailed operations due to various predicaments. Previously, 440 manufacturing industries were curtailed operations. “But, 118 companies were resumed productions,” Melaku said. Lack of finance, inputs, deficiency of infrastructure and poor quality, and shortage of foreign currency are among the problems the industries have…
